SAM Corporate gets financial investment from Transworld Group
By Leandra Monteiro
SAM Corporate received an investment of an undisclosed amount from the Transworld Group in November 2022.
The strategic investment is aimed at bringing the deep domain tech expertise of SAM Corporate together with the business experience of Transworld Group, creating synergies for SAM Corporate to offer niche and complex FinTech implementation services and to bring new FinTech products and services to the market.
The investment from the Transworld Group will enable SAM Group to expand its presence in MENA market. With expertise in implementing complex solutions relating to Financial Consolidation, Planning and more. SAM Group is confident to add value to MENA market by supporting the large enterprise solution implementations initiative through its hub office in Dubai. It also brings the expertise of SAM Corporate to the Transworld Group across the world in terms of supporting their IT initiatives.
Ramesh Ramakrishnan, CEO, Transworld Group stated, “We are excited to partner with SAM Corporate in the next leg of the journey of domestic as well as international expansion. With the introduction of corporate tax in the UAE, organizations will require robust digital systems and processes for reporting and analysis across all industries. We believe SAM Corporate is well-placed to provide customized solutions from leading OEM software players globally. We look forward to working with Dr. Sunil and the entire team at SAM Corporate going forward.”
Marc Gillis, CEO, SAM Corporate, stated, “Having Transworld as investors is absolutely great as the group brings in the required capital, geographical reach, and business know-how to expand our portfolio of niche FinTech Products and Services. Having a well-laid foundation, capable and qualified pool of resources, strong infra, and robust business processes in place, we are excited for the next level in SAM Corporate’s journey and are proud to have Transworld with us in our journey now.”
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